Chapter Twelve: Taxes and Tax Policy. Economic Theory and Taxes.
-
Upload
shon-turner -
Category
Documents
-
view
221 -
download
1
Transcript of Chapter Twelve: Taxes and Tax Policy. Economic Theory and Taxes.
Chapter Twelve:
Taxes and Tax Policy
Economic Theory and Taxes
Figure 12.1: The Impact of a Tax on the Market for Cups of Coffee
Figure 12.2: The Impact of an Excise Tax with an Inelastic Demand Curve
Figure 12.3: The Impact of an Excise Tax with an Elastic Demand Curve
Figure 12.4: Tax Revenues from a Tax on Cups of Coffee
Table 12.1: Summary of Excise Tax Impacts for Products with Elastic and Inelastic Demand Curves
Figure 12.5: Welfare Analysis of an Excise Tax
The Structure of Taxation in the United States
Table 12.2: U.S. Federal Marginal Tax Rates, 2013
Table 12.3: Susan’s Federal Income Tax Calculations
Tax Analysis and Policy Issues
Source: U.S. Bureau of Economic Analysis, online database.
Figure 12.6: Tax Receipts in the United States, as a Percent of GDP, 1950-2012
Figure 12.7: International Comparisons of Overall Tax Receipts, 2011
Source: Organisation for Economic Co-operation and Development, online tax statistics database.
Figure 12.8: The Top Marginal Federal Tax Rate and Average Economic Growth, 1950-2010
(Average Economic Growth Shown by Decade as a Percentage)
Source: Sarah Anderson, “Full Testimony to the Senate Budget Committee on Inequality, Mobility, and Opportunity,” Institute for Policy Studies, February 8, 2012.
Table 12.4: The Distribution of Taxes in the United States, 2013
Source: Citizens for Tax Justice, “New Tax Laws in Effect in 2013 Have Modest Progressive Impact,” April 2, 2013.